‘Wealth taxes’ in property prompt lobbying for new minister
A minister for property who cracks down on excessive and cumbersome “wealth” taxes should be considered by the federal government, acco...
The suburb’s capital gain of -1.36% for the past year is lower than average compared to its 15.24% growth within a five-year period.
Also in OAKLANDS PARK, the median home price is sitting at $472,500, and the average rent at $400, this suggests property owners could potentially earn a 4.4% increase in gross rental yield.
Property investors have seen a 1.83% gain in OAKLANDS PARK based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.35% growth over a ten-year period. It ranks 2795th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $472,500 | $373,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.83% | 0.27% |
| Median 12 month | -1.36% | 0.81% |
| Median 3 years | 12.5% | 11.34% |
| Median 5 years | 15.24% | 12.6% |
| 10 years average annual | 2.35% | 3.51% |
| Weekly media advert. rent | $400 | $325 |
| Time on Market | 76.4 days | 73.4 days |
| Gross Rental Yield Percent | 4.4% | 4.53% |
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